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An announcement from International Graphite Limited ( (AU:IG6) ) is now available.
International Graphite Limited has confirmed the financial viability of its planned Collie Micronising Facility in Australia through a Front End Engineering and Design (FEED) study. The study outlines the development of a 4 kt/y graphite micronising plant, with potential expansion to 7.5 kt/y, supported by government grants. The project is expected to significantly enhance the company’s position in the industrial graphite market, with a target operational date by the end of 2026. The facility is part of International Graphite’s strategy to control value-adding industrial processes and support its broader mine-to-market strategy.
More about International Graphite Limited
International Graphite Limited operates in the industrial graphite market, focusing on the production and processing of graphite products, including micronised graphite and battery anode materials. The company aims to develop markets and generate early cash flow to support its mine-to-market strategy, with a focus on downstream processing facilities.
YTD Price Performance: 2.00%
Average Trading Volume: 143,059
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.87M
See more insights into IG6 stock on TipRanks’ Stock Analysis page.